Over the past week, Positive Money supporters have been calling on their MPs to support the setting up of a Money Commission via an amendment to the Bank of England Bill. We had hoped that the amendment would be discussed in the House of Commons today. Unfortunately, we’ve just learned that the sponsoring MP is unable to attend the debate to propose the amendment.
Positive Money's campaign for a money commission received a huge boost last week as Douglas Carswell tabled an amendment to the Bank of England Bill. If Mr Carswell's amendment is successful, a commission would be set up.
On Wednesday 17th Feb 2016 we received great news from Iceland the Monetary Reform resolution calling for the establishment of a special commission to “carry out a review of the arrangements of money creation in Iceland and to make recommendations for improvements” was put on the parliament's agenda. Frosti Sigurjónsson, Member of the Parliament of Iceland and Chairman of the Committee for Economic Affairs and Trade, who published a report (commissioned by the Prime Minister) outlining the need for a fundamental reform of Iceland’s monetary system in March 2015, spoke for the resolution, where he said: